Supermarket Income REIT (LSE: SUPR) acquires supermarket sites that form a key part of the future model of grocery in the United Kingdom. SUPR listed in July 2017 raising gross proceeds of £100 million. In March 2019 SUPR raised £45m in an over-subscribed fundraising
SUPR aims to provide long-term RPI-linked income, from institutional grade tenants and the potential for capital growth through active asset management. To date, seven supermarkets have been acquired around the UK (5 Tesco, 1 Sainsburys, 1 Morrisons). All supermarkets in the portfolio are omnichannel supermarkets – these are high quality supermarket properties, which operate both as physical stores and online fulfilment centres.
SUPR pays a quarterly dividend totaling 5.6p per ordinary share (2018: 5.5p). This is up 3.2% since September 2018 in line with UK RPI inflation.
Atrato Capital is the Company’s Investment Adviser.
Supermarket Income REIT (LSE: SUPR), the UK supermarket real estate investor, announces the acquisition of a Sainsbury’s supermarket in Cheltenham, …
The Supermarket Income REIT (LSE: SUPR) has purchased another Sainsbury’s supermarket, this time in Cheltenham, Gloucestershire, from Legal & General …
Supermarket Income REIT plc (LSE: SUPR), the real estate investment trust dedicated to investing in property which enables the future …
Supermarket Income REIT (LSE: SUPR), the UK supermarket real estate investor, announces the acquisition of the Sainsbury’s supermarket in Preston, …
Supermarket Income REIT (LSE:SUPR), the UK supermarket real estate investor, announces that the annual rent review at its Tesco Extra …
Supermarket Income REIT (LSE: SUPR), the UK supermarket real estate investor, announces that it has acquired a Tesco Extra supermarket …
| P&L | June 2019 £~000 | June 2018 £~000 |
|---|---|---|
| Rental income | 17,231 | 8,942 |
| Admin & other expenses | (3,088) | (2,097) |
| Operating Profit | 14,790 | 2,764 |
| Profit for the period | 10,593 | 620 |
| BALANCE SHEET | June 2019 £~000 |
|---|---|
| Investment Properties | 368,230 |
| Cash & cash equivalents | 9,898 |
| Total Assets | 381,649 |
| Bank borrowings | 143,708 |
| Total liabilities | 151,179 |
| Net assets | 230,470 |
IGD Forecasts:
Thisismoney.co.uk (Feb 2019)
“SMALL CAP SHARE IDEAS: Supermarket Income Reit’s copper-bottomed returns hit the mark for SIPP and other investors”
Shares (Apr 2018)
“Supermarket Income REIT invests £210.5m in first quarter, declares dividend”
Goodbody (July 2018):
“We are forecasting continued expansion of SUPR as the portfolio and income streams grow. While the benefits of an inflation-link on long-term leases will drive NAV upside and continued dividend growth…This will be driven by the unique asset selection skills of management and knowledge of the market.”
Stifel (Apr 2018)
“Year to date, Supermarket REIT’s shares have risen 1%, out-performing the sector which is down 4%. We believe that the shares are supported by the high dividend yield of 5.4% (versus the REIT average of 3.9%), which we forecast to grow in line with inflation, backed by long unexpired leases that are all RPI-linked, and with a high quality tenant covenant.”
